The administration of United States President Donald Trump wants to increase the percentage of regionally produced content in North American-built vehicles to qualify for preferential treatment under the US-Mexico-Canada Agreement (USMCA) on trade to 82 percent, with 50 percent of that value produced in the US.
The new proposal, which was first reported by the Reuters news agency, citing four unnamed sources familiar with the matter, emerged amid negotiations to revise the USMCA in Mexico City. Canada was not present at the negotiations.
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The shift, if accepted, would be a major break from the current USMCA, which requires that 40 percent of the…
